Spanish Mountain Gold (CVE:SPA) Sets New 52-Week Low – Should You Sell?

Spanish Mountain Gold Ltd. (CVE:SPA) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.10 and last traded at C$0.10, with a volume of 171900 shares changing hands. The stock had previously closed at C$0.10.

Spanish Mountain Gold Trading Up 5.3 %

The firm has a market cap of C$39.06 million, a P/E ratio of -10.00 and a beta of 1.87. The business’s 50 day moving average is C$0.12 and its 200-day moving average is C$0.15. The company has a quick ratio of 3.03, a current ratio of 5.99 and a debt-to-equity ratio of 0.26.

Insider Transactions at Spanish Mountain Gold

In other news, Director Lembit Janes purchased 912,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average cost of C$0.12 per share, with a total value of C$109,440.00. Over the last 90 days, insiders have purchased 1,457,500 shares of company stock valued at $169,743. Insiders own 33.34% of the company’s stock.

About Spanish Mountain Gold

Spanish Mountain Gold Ltd., an exploration stage resource company, engages in the acquisition, exploration, and development of mineral properties in Canada. It holds a 100% interest in the Spanish Mountain gold project, which comprises approximately 50 contiguous mineral claims and 13 placer claims covering an area of approximately 10,414 hectares located in the Cariboo region of central British Columbia.